Short

CHFJPY: Bearish Move Started?! 🇨🇭🇯🇵

Updated

Last week we spotted a major rising parallel channel on weekly.
As you remember, a bearish move was expected after a touch of its resistance.

This morning we see multiple bearish clues on intraday time frames.

On 4H the price formed a head and shoulders pattern;
broke and closed below a rising trend line and violated a horizontal neckline to the downside as well.

Now I expect a bearish continuation.

Goals:
123.55
122.8

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